MFINCON Multifamily Investing Conference

[Arn Cenedella]

Hi everyone:

I just returned from the MFINCON Conference in Charlotte - learning and networking with the best multifamily syndicators and investors.

If you want to get into buying apartments, I would encourage you to find podcasts amd attending this networking and educational events.

Key takeaway:

Multifamily market faces head winds for the next 6 to 12 months.

A delta between seller expectations and buyer realities still exists.

The delta will shrink over the next 6 to 12 months - ie prices will lower to make sense with higher debt costs.

Get your team ready to buy - find your partners, lender, brokers, insurance agent, KP, and syndication attorney. Have the team lined up to maximize your success.

Arn

[Arn Cenedella]

@Chris Seveney

Yes for sure predicting the future course of interest rates is subject to error. 24 months is not a bad guess. 

The other part of the “delta” is cap rates which are increasing slowly. So even if rates stay flat, the “delta” may still decrease even before rates drop.